Raising Money for Full-Service Restaurants

Looking for business loans for full-service restaurants? Try the SBA. This $47,200 full-service restaurants loan was issued by a Montana bank.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bank - Rockies, out of White Sulphur Springs, Montana. The loan was granted and they received $47,200 to help grow their Emigrant, Montana business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
EMIGRANT, MT 59027

SBA Loan Lender

BANK - ROCKIES
205 W MAIN ST
WHITE SULPHUR SPRINGS, MT 59645

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/3/2004

Loan Approval Gross Amount

$47,200

Loan Approval from the SBA

Of the total $47,200 loan amount, the SBA guaranteed $40,120.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Emigrant MT, you ought to talk with a local Emigrant SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Emigrant businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Direct Public Offerings

SBA 7A Lenders in White Sulphur Springs, Montana

Where to Get an SBA Loan Montana